1222 S Magnolia Ave | Monrovia, CA 91016
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- LoopNet Team
1222 S Magnolia Ave
Monrovia, CA 91016
3-unit on large lot near Old Town Monrovia · Residential Property For Sale · 3 Units
Investment Highlights
- Prime location in Monrovia, minutes from Old Town Monrovia and bordering Arcadia
- Excellent triplex with good curb appeal and excellent clear upside potential
- Large lot size with huge backyard which is perfect for 1 or multiple ADUs (buyer to verify)
- Value-add offering with ADU upside potential (buyer to verify); Proforma CAP Rate close to 7%; All units are on month to month and ready for increases
- Excellent unit mix with 2 x 3bed units and 1 x 1bed unit
- Dual pane windows throughout, 2 car garage parking, individual water heater and laundry hookups for each unit
PROPERTY FACTS
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1949 |
| Apartment Style | Garden | Parking Ratio | 2.55/1,000 SF |
| Building Size | 2,352 SF |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Size | 2,352 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1949 |
| Parking Ratio | 2.55/1,000 SF |
Unit Amenities
- Air Conditioning
- Double Pane Windows
- Garden
- Lawn
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
| 1+1 | 1 | - | - |
zoning
| Zoning Code | RH |
| RH |
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